Question : Which of the following are the precautions of calculating national income through expenditure method?
 

Option 1: Expenditure on intermediate goods will not be included.
 

Option 2: Transfer payments are not included.

Option 3: Purchase of secondhand goods will not be included

Option 4: All of the above.

Question : Which of the following precautions are taken while calculating national income from income method?

Option 1: Transfers income are not included in the national income.

Option 2: Income from sale of secondhand goods will not be included.

Option 3: Income from sale of shares, bonds and debentures will not be included.

Option 4: All of the above.

Question : National income can be measured by ________________. 

Option 1: Value added method

Option 2: Income method

Option 3: Expenditure method

Option 4: All of the above.

Question : _________________ measures national income from the perspective of factor income.

Option 1: Value added method.

Option 2: Income method.

Option 3: Expenditure method.

Option 4: All of the above.

Question : Which of the following are the precautions of value added method?

Option 1: Sale and purchase of second hand goods is excluded.

Option 2: Production of service for self consumption or not included. (Housewives, etc.)

Option 3: Production of goods for self consumption will be included.

Option 4: All of the above.